Yotta targets $1.5 billion raise in FY27, including India IPO

Yotta plans to raise $1.5 billion by FY27 through a pre-IPO round and an India IPO. CEO Sunil Gupta said, “Our $1.5 billion fund-raise is a combination of pre-IPO fundraising, as well as an IPO.” The firm aims to expand its data centre capacity and buy more Nvidia chips for AI.